Amberdata is excited to bring OKX Nitro Spread data to the market. As the first data provider to offer Nitro Spreads, this collaboration underscores our commitment to providing our users with cutting-edge market intelligence and data solutions, empowering them with the tools they need to make informed trading decisions.
OKX Nitro Spreads are a revolutionary product that simplifies and automates spread trading, a technique traders use to hedge risk, capitalize on market inefficiencies, or take advantage of price movements. Nitro Spreads allows users to trade the differences between futures and perpetual swaps as a single, streamlined instrument, eliminating the complexity of managing multiple contracts manually.
Through this offering, Amberdata provides traders and institutions with unparalleled access to OKX Nitro Spreads data, ensuring users can capitalize on the unique features of Nitro Spreads with ease and precision.
Access live data via REST, WebSockets, and S3, ensuring seamless integration into their trading workflows.
Retrieve full historical data dumps, enabling backtesting and strategy development with a robust dataset.
Gain actionable insights by leveraging Nitro Spread metrics as part of their trading and risk management strategies.
Nitro Spreads provide significant advantages for traders looking to hedge exposure, manage volatility, and optimize their strategies. Use cases include:
Hedging Short-Term Volatility: Traders can mitigate short-term market risks by taking offsetting positions in perpetual swaps and futures contracts. For example, a long position in perpetual swaps can be hedged with a short futures contract to manage anticipated downside risk.
Simplified Spread Trading: By automating the calculation and management of spread positions, Nitro Spreads enable traders to execute their strategies with precision and efficiency.
Market Insights: Positive spreads often signal short-term bullish sentiment, while negative spreads can indicate long-term bullish expectations. These insights help traders gain insights into market sentiments and stress levels.
Portfolio Management: With insights into market sentiments and stress levels, portfolio and account managers can adjust their positions with confidence and position and develop advanced risk management strategies.
Amberdata’s advanced data and analytics infrastructure supports all digital asset trading and asset management needs. To learn more, please contact sales@amberdata.com or schedule a demo here.